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1. Wuhan Sante Cableways to raise RMB 330 mln for 5 tourism projects
Wuhan Sante Cableways Group Co Ltd<002159> yesterday announced that it plans to issue up to 35 million shares for RMB 8.35 per share or RMB 330 million at most to fund the development of five tourism projects, one in Hainan Province and four in Hubei Province, sources reported.According to a statement...
11 Nov 2009
2. Hainan Airlines to raise RMB 3 bln through private placement
Hainan Airlines Co<600221><900945>, China's fourth-largest air carrier, said that it will raise RMB 3 billion through private placement. The company plans to issue a total of 595.24 million new shares to the Hainan provincial government and HNA Group at a price of RMB 5.04 per share, according to a statement.
27 May 2009
3. Carlson adds new Radisson hotel in Sanya
Carlson Hotels Worldwide, one of the world's largest hotel companies, recently signed a hotel management agreement with Sanya Zhong Gang Real Estate Co to launch a second Radisson hotel in Sanya, Hainan Island.The 415-room Radisson Hotel Sanya Bay, which is located near the downtown of
6 March 2009
4. HNA Group signs US$1.2 bln deal with Rolls-Royce
HNA Group, the parent of Hainan Airlines Co Ltd<600221><900945>, signed a US$1.2 billion deal with Britain's Rolls-Royce plc in London on Friday, sources reported.Under the deal, HNA Group will buy aero-engines from Rolls-Royce for Hong Kong Airlines, in which the group is a major shareholder. HNA Group
2 March 2009
5. CNOOC starts RMB 5 bln alkene project in Hainan
China National Offshore Oil Corp (CNOOC), China's largest offshore oil company, started construction of its alkene project with investment of RMB 5 billion on Thursday in Hainan Province, sources reported.The huge project, scheduled for completion in May 2011, will produce fine chemicals, such as propylene,
27 Feb 2009
6. Hainan province teams up with CITS to boost tourism
China International Travel Service (CITS) Group Corp, a tourism conglomerate in China, yesterday signed a strategic cooperation agreement with Hainan Provincial Tourism Bureau, in a bid to tap the tourism business on the island, sources reported.According to the agreement, CITS Group will utilize its domestic
26 Feb 2009
7. Hainan Airlines' parent seeking government aid
HNA Group, parent of China's Hainan Airlines Co<600221>, said the company is looking for more financial aid from the government, HNA's Chairman Chen Feng told Reuters on Saturday.Chen said that the company expected to get "further support" from the Hainan provincial government and is in talks with some
3 Feb 2009
8. Hainan teams up with Australian firm for mineral sands dev't
The Hainan Provincial Bureau of Geological Exploration (HPBGE) has signed a Memorandum of Understanding (MOU) with Image Resources NL (IMA), an Australia-based mining company, for possible commercialization of heavy mineral sands in the North Perth Basin, announced Image Resources in a
30 Jan 2009
9. Haikou to set up comprehensive bonded area
China's State Council has approved the establishment of Haikou Comprehensive Bonded Area (HCBA) in Hainan Province, said the Haikou municipal government.The HCBA, with a planned area of 1.93 sq m, is the fourth comprehended areas in China, following Suzhou Industrial Park, Tianjin Binhai New Area and
9 Jan 2009
10. Hainan Airlines opens online store on Taobao.com
Hainan Airlines Co Ltd (HNA)<600221><900945>, China's fourth largest air group, has set up a flagship store on Taobao.com, becoming the first Chinese carrier with such stores, sources reported.Directly managed by HNA, the online shop provides special offerings as well as online check-in services for its
4 Jan 2009
11. Hainan Airlines eyes hotel stake, office building in Beijing
Hainan Airlines Co<600221><900945>, the fourth-largest carrier in China, plans to spend RMB 2.35 billion (US$343 million) in acquisition of potential stake in a hotel and an office building in Beijing, sources reported.The Chinese carrier said in a statement that it is considering allotting RMB 619 million to acquire
16 Dec 2008
12. Meilan Airport passengers down 4.9% in Nov
Hainan Meilan International Airport Co Ltd (Meilan Airport)<357>, a Hong Kong-listed airport operator, announced that it handled 727,900 passengers last month, down 4.9% compared with the comparable period of last year.According to the company's statement filed with the Hong Kong Stock Exchange (HKEx),
8 Dec 2008
13. Hainan Airlines likely to get government injection
Hainan Airlines<600221><900945>, the fourth-largest carrier in China, is in talks with the Hainan provincial government on a possible capital injection, sources reported, citing Chen Feng, president of the Hainan-based air carrier.The provincial government will also provide favorable policies, such as tax cut,
8 Dec 2008
14. China National Nuclear, Huaneng form JV on Hainan nuclear plant
China National Nuclear Corp (CNNC), the nation's largest nuclear power plant builder, and China Huaneng Group, parent of Huaneng Power International Co Ltd<600011><902>, has set up a joint venture to build a nuclear power plant in southern China's Hainan Province.According to CNNC's
4 Dec 2008
15. Hainan to build Asia's largest cruise terminal
Sanya Phoenix Island International Cruise Terminal will become Asia's largest mother port for cruise liners after the second-phase construction is complete by 2010, sources reported.The first-phase construction, with a total investment of 38.19 million, has recently passed a completion inspection.
25 Nov 2008
16. Large nonferrous metal deposit discovered in Hainan
A large nonferrous metal deposit has been discovered in Hainan Province, with 254,000 tons of molybdenum deposit, according to Hainan Provincial Mineral Association. The porphyry molybdenum deposit, located in Baoting County, Hainan Province, is estimated to be among Top 10 largest
7 Oct 2008
17. CNOOC embarks on bio-diesel project in Hainan
Sep. 30, 2008 (China Knowledge) - China National Offshore Oil Corp (CNOOC), parent of China's largest offshore oil producer CNOOC Ltd<883>, Friday announced it has commenced construction of a bio-diesel plant in Hainan province.The plant, located in Hainan's Dongfang Petrochemical City and designed
30 Sept 2008
18. The world's 2nd seven-star hotel to be built in Sanya, Hainan
China's first seven-star hotel will start construction in Sanya, Hainan, later this year, which is also the world's second seven star hotel, sources reported.Construction of the luxury hotel, which is led by Beijing-based real estate developer Antaeus Group, is scheduled to be completed by 2011. Pursuant to relevant
11 Sept 2008
19. China Aerospace to invest in Hainan project
Hong Kong-listed China Aerospace International Holdings Ltd<31> announced it will invest about RMB 1.2 billion to develop an aerospace project in Wenchang city, Hainan province.According to the company's agreement with the Wenchang government, the project will be 70% and 30% owned by China Aerospace
22 Aug 2008
20. Hainan Airlines expects H1 net profit up over 50%
China's Hainan Airlines Co. Ltd<600221><900945>, the fourth-biggest carrier in the country, announced today that its net profit in the first half is expected to surged more than 50% year-on-year, mainly because of appreciation of the Chinese currency.Detailed figures of the financial results in the first half will be
20 Aug 2008
 
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